\begin{tabular}{@{}lccccccccccc@{}}%
\toprule%
&\multicolumn{4}{c}{L{-}En}&&\multicolumn{4}{c}{N{-}En}&&\\%
\multicolumn{1}{c}{}&\multicolumn{1}{c}{Pred}&\multicolumn{1}{c}{Avg}&\multicolumn{1}{c}{SD}&\multicolumn{1}{c}{SR}&\multicolumn{1}{c}{}&\multicolumn{1}{c}{Pred}&\multicolumn{1}{c}{Avg}&\multicolumn{1}{c}{SD}&\multicolumn{1}{c}{SR}&\multicolumn{1}{c}{}&\multicolumn{1}{c}{N vs. L}\\%
\cmidrule{2%
-%
5}%
\cmidrule{7%
-%
10}%
\cmidrule{12%
-%
12}%
Low VIX&$1.711$&$1.152$&$1.001$&$1.151$&&$2.369$&$1.760$&$1.271$&$1.385$&&***\\%
&&$\footnotesize{(13.66)}$&&$\footnotesize{(5.27)}$&&&$\footnotesize{(15.75)}$&&$\footnotesize{(6.33)}$&&\\%
High VIX&$2.268$&$1.455$&$1.483$&$0.981$&&$2.674$&$2.323$&$1.834$&$1.266$&&***\\%
&&$\footnotesize{(8.87)}$&&$\footnotesize{(6.98)}$&&&$\footnotesize{(9.69)}$&&$\footnotesize{(7.15)}$&&\\%
\midrule%
&&&&&&&&&&&\\%
Low EPU&$2.081$&$1.222$&$1.109$&$1.102$&&$2.661$&$1.839$&$1.295$&$1.420$&&***\\%
&&$\footnotesize{(13.44)}$&&$\footnotesize{(6.06)}$&&&$\footnotesize{(14.78)}$&&$\footnotesize{(6.03)}$&&\\%
High EPU&$1.895$&$1.384$&$1.415$&$0.978$&&$2.380$&$2.243$&$1.838$&$1.220$&&***\\%
&&$\footnotesize{(8.92)}$&&$\footnotesize{(7.32)}$&&&$\footnotesize{(8.62)}$&&$\footnotesize{(7.64)}$&&\\%
\midrule%
&&&&&&&&&&&\\%
Neg. CFNAI&$1.956$&$1.233$&$1.218$&$1.012$&&$2.432$&$1.971$&$1.467$&$1.344$&&***\\%
&&$\footnotesize{(9.84)}$&&$\footnotesize{(7.16)}$&&&$\footnotesize{(10.47)}$&&$\footnotesize{(6.96)}$&&\\%
Pos. CFNAI&$2.024$&$1.382$&$1.328$&$1.041$&&$2.621$&$2.118$&$1.738$&$1.218$&&***\\%
&&$\footnotesize{(11.32)}$&&$\footnotesize{(6.18)}$&&&$\footnotesize{(9.86)}$&&$\footnotesize{(6.20)}$&&\\%
\midrule%
&&&&&&&&&&&\\%
Low FED Stress&$1.876$&$1.218$&$1.169$&$1.042$&&$2.468$&$1.893$&$1.524$&$1.242$&&***\\%
&&$\footnotesize{(14.31)}$&&$\footnotesize{(6.39)}$&&&$\footnotesize{(11.91)}$&&$\footnotesize{(6.53)}$&&\\%
High FED Stress&$2.235$&$1.490$&$1.462$&$1.019$&&$2.637$&$2.366$&$1.718$&$1.377$&&***\\%
&&$\footnotesize{(7.93)}$&&$\footnotesize{(7.65)}$&&&$\footnotesize{(9.39)}$&&$\footnotesize{(5.48)}$&&\\%
\midrule%
&&&&&&&&&&&\\%
Low SENT&$2.108$&$1.195$&$1.072$&$1.114$&&$2.579$&$1.893$&$1.378$&$1.373$&&***\\%
&&$\footnotesize{(13.13)}$&&$\footnotesize{(6.29)}$&&&$\footnotesize{(16.80)}$&&$\footnotesize{(6.67)}$&&\\%
High SENT&$1.965$&$1.405$&$1.358$&$1.035$&&$2.617$&$1.869$&$1.343$&$1.392$&&\\%
&&$\footnotesize{(8.28)}$&&$\footnotesize{(5.29)}$&&&$\footnotesize{(9.32)}$&&$\footnotesize{(5.19)}$&&\\\bottomrule%
%
\end{tabular}